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2nd bond vs loan for house renovation

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4 REPLIES 4
deirdretucker
New Contributor

Also, I’d like to share that I recently purchased a new house and realized it needed some repairs, including waterproofing and sewer cleaning services. Luckily, I reached out to experts at https://rooterworx.ca/drain-services, and they quickly and efficiently resolved the issue. Now, my whole family is thrilled to move into our new house without any worries.

deirdretucker
New Contributor

I see it’s been a while, but I’ like to chime in. Loan for renovation could offer more flexibility in terms of repayment options and interest rates, but it might require additional documentation and have different eligibility criteria. It might be helpful to speak with a financial advisor or your bank to get personalized advice based on your circumstances.

DonnaDickens
Frequent Visitor

Honestly, I don't know much about bonds so I would take a loan. But you can Google and find all the advantages and disadvantages of a loan and bond, compare them and choose the best option for you. And I also recommend that you contact a specialist who understands something about this and consult with him. If we talk about renovation, I also decided to update the interior of my house to celebrate the winter holidays and the new year in a modern house. I admit that I should have done this a long time ago, but I didn't have the financial resources. Actually, I had a lot of lucrative projects this year, so I was finally able to do a home renovation. So, I chose the best material for the floors and ceilings and the experts from flooringtoceiling.com replaced them and did their job perfectly. Also, I bought new furniture and now my house looks amazing. In conclusion, I want to say that I wish everyone a happy new year, and may your wishes come true!

Juglooma
Contributor

Don't know, seems easier to get a loan.

Buyi2
Occasional Visitor
Quation pros and corn between the 2.
I had my bond for almost 5yrs